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Contract bonds

Which type of contract bonds are required on most public works projects?
I. performance
II. bid
III. payment

A. II
B. I and II
C. I and III
D. I, II and III

AnswerD. I, II and III. Bid (ensure lowest bidder enters into contract), Performance (guarantee contract is completed), Payment (guarantee payment to labor and suppliers.

ARE 4.0 exam prep: CDS

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